Laserfiche WebLink
• (2 3) The building or structure itself must have been substantially rehabilitated, <br />renovated or replaced for residential use. For the purposes of this division, <br />the phrase "substantially rehabilitated, renovated or replaced with respect <br />to residential real estate," shall mean a building or structure which has <br />been so improved that its assessed value has been increased by no less <br />than twenty (20) percent. <br />a. For the purposes of this division, additions to a residential structure <br />shall be considered rehabilitation, renovation or replacement of <br />that structure. <br />b. The following improvements, and other similar improvements not <br />attached to the primary residential structure, even if they improve <br />the value of real estate, shall not serve as the basis for an <br />exemption under this division: swimming pools, detached garages, <br />detached offices or workshops. <br />(-34) The building or structure must be designed for and suitable for residential <br />use and must be the primary residential structure on the site following its <br />substantial rehabilitation, renovation or replacement. <br />(4 5) Following completion of substantial rehabilitation, renovation or <br />replacement, the building or structure must be owned and occupied by the <br />taxpayer who applies for the exemption. Thereafter, any exemption <br />granted shall run with the real estate, accruing to the benefit of the owner, <br />subject to the provisions of 30-157(b) herein. <br />(4 6) All improvements made to the building or structure must have been made <br />• under and in accordance with all applicable building and zoning <br />regulations and permits, and upon completion of substantial rehabilitation, <br />renovation or replacement the building or structure must conform to all <br />applicable zoning regulations. <br />(6 7) Residential real property that has been improved by the demolition and <br />razing of an existing building or structure and construction of a <br />replacement structure, may qualify for an exemption under this division; <br />however, the exemption shall not apply when any structure which has <br />been razed or demolished is a registered Virginia landmark or is <br />determined by the Virginia Department of Historic Resources to <br />contribute to the significance of a registered historic district. <br />(c) No building or structure shall be eligible for the exemption if the city assessor has <br />been denied access to the entire premises (for the purpose of determining a base value <br />and whether there has been substantial rehabilitation, renovation or replacement of a <br />building or structure) either before the commencement of any work for which exemption <br />is sought or after completion of such work. <br />(d) At any time prior to November 1 of any calendar year in which rehabilitation, <br />renovation or replacement of a building or structure is complete, an owner may submit a <br />written request to the city assessor for an inspection to determine if it has been <br />substantially rehabilitated, renovated or replaced and if the building or structure qualifies <br />• in all other aspects for an exemption under this division. After the city assessor has <br />